CYN vs SPY: Correlation
How closely do Cyngn Inc. (CYN) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYN and SPY?
Across a 3-year window, the weekly returns of CYN and SPY correlate at 0.27, weak. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. Stretching to 5 years gives 0.18, with an annualized covariance of 899.7 %².
Among the 19 assets we track against CYN, SPY ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 102.3 percentage points (-81.7% for CYN against +20.6% for SPY). Risk is not evenly split, since CYN carries 16.2 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CYN vs SPY: side by side
| CYN (Cyngn Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -81.7% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 234.2% | 14.5% |
| Beta vs S&P 500 | 4.31 | 1.00 |
| Max drawdown (3Y) | -100.0% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | CYN | SPY |
|---|---|---|
| 2022 | -85.0% | -18.2% |
| 2023 | -78.5% | +26.2% |
| 2024 | -94.1% | +24.9% |
| 2025 | -98.1% | +17.7% |
| 2026 | -53.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYN and SPY good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CYN and SPY?
The CYN/SPY correlation stands at 0.27 on a 3-year window (1 year: 0.31, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for CYN?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: CYN correlations · SPY correlations
